Often the super rich have a financial advisor that sets up and manages their portfolio of investments for them, getting the perfect balance of risk/security, to make sure that the rich become richer. Now in the past we’ve tried to create our own portfolio, or at least we tried to in our couple days when we had more money to spare. Of course though, with a family making the right investment decisions is more important than ever. Wouldn’t it be nice if us less financially well off bods could emulate the super rich and have someone to help us manage our money.
I’ve been looking at some ways that you can get advice and help with managing your money to help build your own nest egg. Maybe you’d like to save money for your retirement or maybe you are starting to think about funding your child through university.
- The government has a free, impartial money advice website called The Money Advice Service . They can give you information about lots of money topics from insurance to benefits. They also have a section on saving and investing. This covers how to save money, types of savings account, and getting started with investing. There’s a lot of information here to get you started and it’s all explained very clearly.
- Consumer sites like Moneysavingexpert have a lot of advice about almost any topic. They have some great free guides to help steer you through the savings and investments maze.
- Nutmeg will help you create a professional portfolio. All you have to do fill in some details about your financial situation, how much you want to invest, your timeframe and your attitude to risk. Their products start with as little as £1,000 per fund (plus minimum monthly contributions of £50 for portfolios below £5,000) and you can set up as many funds as you like each with their own timeframes and risk appetites.